maosang
Long

JPY LONG opportunity

FX:USDJPY   U.S. Dollar / Japanese Yen
jpy
57 1 2
jpy
USD/JPY             has a nice rally yesterday. I open a LONG position when JPY went back into the channel. My target is around 117.65, which is around the resisstance level and the 0.764 FIB level. i think that will be a strong resisstance.
i doubt JPY would go out of this channel, but who knows.
Let's see.
Trade closed: target reached
Target hit!
Cheers.
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